I definitely could try ; but I don't have the "balls" to quit my well-paying desk job to take more risk.

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I just left Sydney to move back to Brisbane, got a job paying $7k less per year. But can now easily afford a house within 10kms of the CBD. No chance without being completely over extended in Sydney. And I prefer Brisbane anyway
You don't have to quit to get something going in the pipeline.

I definitely could try ; but I don't have the "balls" to quit my well-paying desk job to take more risk.

I need some good reading material on how to take the plunge. Any ideas?

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why quite your job? you only do this when you have created income streams.

Keep reading posts on all States, IMO I would look at some of the land and house packages in Melb read posts by @Cactus and @sash. If you can buy with the correct yield and the land is still rising then perhaps there are opportunities here. There are other strategies keep researching PC.

I just left Sydney to move back to Brisbane, got a job paying $7k less per year. But can now easily afford a house within 10kms of the CBD. No chance without being completely over extended in Sydney. And I prefer Brisbane anyway
You don't have to quit to get something going in the pipeline.

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I left Sydney at the beginning of 2014. At the time I was looking to buy a house with my partner in Minto for 500k (Minto is about 50km south west of Sydney for anyone not from Sydney). We didn't have the deposit and we would've really struggled to make the repayments so we decided against it. None of us work in specialist occupations that are exclusive to Sydney so we took the gamble and moved to Adelaide in March 2014. Within months we were both working full-time with similar pay to what we were getting in Sydney. I now have 2 houses. If I stayed in Sydney I'd be renting for life.

I definitely could try ; but I don't have the "balls" to quit my well-paying desk job to take more risk.

I need some good reading material on how to take the plunge. Any ideas?

Click to expand...

You need to able to handle rejection well above anything else.
Excellent negotiations skills, high energy, get along with all types, from stingy misers to the eccentric...& not be easily offended.
I wouldn't bother picking up a book unless you have these traits....
Lee Woodward's material is excellent.

Absolutely. As with anything you aren't experienced in, you don't start at the top, there's a learning curve.
I find it a lot easier having an offer rejected for a house I really want than receiving a rejection letter from a job I really want though.

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